Bank of China (BOC), the second of the "Big Four" state banks, with foreign investors already aboard, is planning a $5 billion foreign listing in early 2006.
A foreign listing has helped boost Oando's credibility with international investors and will give it access to a deeper pool of money.
But it will break new ground on December 2nd with its first foreign listing, of Do & Co, an Austrian catering company, which will do a simultaneous issue in Vienna.
Magyar Telekom hopes to negotiate a settlement with both.A foreign listing is a great way to raise money, but it has its drawbacks.
"Finally, an outsider is going to look at this mess," said one prominent, foreign-trained businessman at the time.For companies in the region, a foreign listing can be a double-edged sword.
These are the market value of equity (MV), foreign listing status (LIST), financial leverage (LEV), or whether a firm is audited by a Big-Four company (BIG4).
Oviosu added that 2016's slumping Naira would have adversely impacted any IPO valuation or opening share price, especially for a foreign listing.
Our results confirm that opting for one or two alternative formats is related to internationalization, influenced by several factors: size, international auditor, accounting standards, foreign listing and international sales.
When distinguishing the decision to adopt at least one versus two alternative-format financial statements, our findings also provide evidence that not all variables play the same role: 'Accounting standards' and 'Foreign listing', which are important in explaining the use of at least one alternative format, are irrelevant in explaining the use of two alternative-format financial statements.
No new foreign companies listed in 2010.
With only 25 foreign companies listed on it so far, it has room to grow.
